Attorney general exceeded bounds

During the past week, TCU financial aid officials have been going toe-to-toe with the New York Attorney General Andrew Cuomo in regards to allegedly unethical revenue sharing practices.TCU has a partnership with Education Finance Partners, the key lender for TCU financial aid support. This partner is being heavily scrutinized by the attorney general’s office for “unlawful and deceptive acts and practices.”

The harm from this is minimal, and, in this case, Cuomo is overstepping the bounds of his position of power in New York. If the amount of money and interest rates for student payback on loans has been static, why is there such a problem?

The answer lies in the attorney general’s motives. Perhaps, he simply wants to ruffle some feathers from the highchair in the Big Apple.

Current investigations are taking place, and it seems little evidence is pointing toward TCU and EFP being truly guilty parties.

Andrew Cuomo and the attorney general’s office should be ashamed for overstepping their bounds on a subject that is not very concrete in its standing on what may be illegal or not. As of now, members of TCU financial services are expecting an out-of-court settlement regarding the revenue sharing to take place. Not touching the lending company would have been an equally valid alternative.

Locally, university financial aid employees have made the effort to show there are other lending and loan companies in addition to EFP available to students, proving other lending companies are always available for students needing to take out loans during the college years.

Campus workers have done their part, now it is up to the attorney general to make a decision on what is just for both EFP and the TCU financial aid office.

Sometimes a cliche is all that can be said in a situation like this, “If it ain’t broke, don’t fix it.”

Sports editor Marcus Murphree for the editorial board.